David Jones to slash 120 jobs

David Jones is reportedly cutting 120 jobs from its head office and suburban store network as the department chain refocuses its investment on digital and online retail.

The upmarket retail giant will slash 30 jobs from its Melbourne head office, and another 90 from its regional and suburban stores, according to The Australian newspaper on Friday, as it seeks to slim down amid a changing retail landscape.

David Jones – which was bought by South Africa’s Woolworths Holdings in 2014 for $2.2 billion – has endured a tough few years, including a writedown of $712.5 million in 2018 due to the economic challenges facing the retail industry, and intense competition and promotions by rivals.


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